A fixed exchange rate regime in which the monetary authority is legally required to hold foreign exchange

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A fixed exchange rate regime in which the monetary authority is legally required to hold foreign exchange reserves backing 100 percent of its domestic currency issuance is best described as:

A. dollarization.

B. a currency board.

C. a monetary union.

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Economics For Investment Decision Makers

ISBN: 9781118111963

1st Edition

Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto

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Question Posted: Mar 09, 2024 11:02 AM

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A fixed exchange rate regime in which the monetary authority is legally required to hold foreign exchange

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B a currency board A currency board is a fixed exchange rate regime in ...View the full answer

Economics For Investment Decision Makers

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